By Wendy Van Sickle
Columbus, Ohio, Jan. 17 – Wells Fargo Finance LLC priced $350,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 20, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The payout at maturity will be par plus 200% of any gain in the index, capped at par plus 20%.
If the index falls but not beyond 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC is the agent.
| Issuer: | Wells Fargo Finance LLC
|
| Guarantor: | Wells Fargo & Co.
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying index: | S&P 500
|
| Amount: | $350,000
|
| Maturity: | Jan. 20, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any gain index capped at par plus 20%; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial level: | 3,289.29
|
| Barrier level: | 2,960.361, 90% of initial level
|
| Pricing date: | Jan. 16
|
| Settlement date: | Jan. 22
|
| Agent: | Wells Fargo Securities LLC
|
| Fees: | 3.1%
|
| Cusip: | 95001HE64
|
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